Why is Shakti Pumps falling/rising?

As of 25-Aug, Shakti Pumps (India) Ltd is experiencing a decline in its stock price, currently at Rs 836.80, reflecting a decrease of Rs 10.3 or 1.22%. The stock has underperformed its sector by 1.9% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 4.55% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company showing strong fundamentals, such as a high return on equity (ROE) of 19.67% and consistent positive results over the last seven quarters, the stock's valuation appears expensive with a price-to-book ratio of 8.9, which may be contributing to the recent price drop.
In the broader market context, Shakti Pumps has underperformed the benchmark Sensex, which has gained 0.45% over the past week while the stock has fallen by 3.48%. This disparity highlights the stock's weakness relative to the overall market. Furthermore, the company's delivery volume has decreased significantly, indicating falling investor participation, which could further pressure the stock price. Although the company has demonstrated impressive long-term growth with a net sales increase of 47.42% annually and a remarkable 901.66% return over the past three years, the current market sentiment and valuation concerns are likely influencing the stock's recent performance negatively.